JAKARTA - PT Indonesia Infrastructure Finance (IIF) recorded 25.51% net profit surge to IDR 104.15 billion in 2023 from IDR 82.98 billion in 2022. This increase aligned with revenue growth, primarily came from financing interest income.

Based on the 2023 Financial Report of IFF quoted today (16/2), its operating revenue arrived at IDR 1.33 trillion, shifting up from IDR 1.15 trillion. The biggest contribution came from loan interests of IDR 1.23 trillion, followed by fees and commissions of IDR 79.05 billion, advisory services of IDR 23.19 billion, and gains realised from securities’ sales of IDR 2.6 billion.

In 2022, the loan interest income only generated IDR 1.08 trillion in total revenue, followed by fees and other commissions of IDR 54.25 billion, and advisory services of IDR 16.37 billion.

The loan distribution was recorded at IDR 11.55 trillion, slipping from IDR 12.51 trillion. Interest payables also shrank to IDR 41.08 billion from IDR 116.09 billion, while expenses paid in advance declined from IDR 8.10 billion to IDR 7.92 billion. (LK/ZH)